defence procurement

India is having the 3rd largest armed forces of the world, with an annual budget of US$ 38 billion and 40% of this is used for capital acquisition. In the next 7-8 years this budget would be increased to around…

It is a great shock and sad on part of India, that a wide range of nuts, bolts, screws for aerospace and defence sector are imported from abroad even today. India’s defence procurement cost is rising every year. More and…